The Gold has been in a steady uptrend. Fresh buyers showed exactly as planned and explained within 1500 zone and we are seeing a momentum push to the upside.
The Gold is targeting 1525-35 zone as the first target. A bounce from the POC zone happened after a sideways consolidation and currently we can see a strong momentum above 1500. If 1535 breaks we should see 1550 and eventually 1565. Only a loss of 1480 could make the pair bearish on H4 timeframe. Watch for a continuation of uptrend as long as the price is above 1480-1500 zone.
The analysis has been done with the CAMMACD.MTF template.
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Many green pips,
Nenad Kerkez aka Tarantula FX